EUR/GBP confirmed a positive weekly closing above the 200 weeks line. The daily one was also positive but still below 0,8590!!
The indicators of the daily are still above the line but those of the weekly one remain negative suggesting the pressure is not over yet. The indicators of the s/t chart are mixed supporting further consolidation.
While above the 200 hours line at 0,8583 we do still see some more upside potential. Only an hourly closing below 0,8565 will already resume the decline suggesting a s/t target at 0,8513!!
We remain on the sideline waiting for stronger signals!
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FUTURE TREND RESEARCH